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Forum ยป You can retire for life on less than $1M net worth and $20k/yr passive income
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Thread: You can retire for life on less than $1M net worth and $20k/yr passive income

post 1685482633 06-28-2023, 01:46 PM
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#241
  1. MikeLowrrrey
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Originally Posted By Anachron⏩
Bolded the key part.

Also, the $1 million net worth includes his principal residence ( as it should, but it does make a huge difference as it's not an income generating asset ).
If the market crashes, the extra $2 million most miscers are claiming wouldn't make that much a difference?

With that said, even if op was poormaxxing off $20k, he could pick up a part time job and double that easily. $20/hr x 25 hours a week. That's $24,000 a year gross extra.
post 1685482763 06-28-2023, 01:47 PM
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#242
  1. eddiehaskell
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Originally Posted By Anachron⏩
Protip : If someone claims "well above $20K", it means "under $26K".

Why?

They would just not use the $20K figure it was higher.
$20k was the entire basis of this thread...telling me at what income level/net worth they can peace out on the rat race for life.
post 1685482883 06-28-2023, 01:48 PM
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#243
  1. eddiehaskell
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Originally Posted By MikeLowrrrey⏩
If the market crashes, the extra $2 million most miscers are claiming wouldn't make that much a difference?

With that said, even if op was bringing in a measly $20k, he could pick up a part time job and double that easily.
average miscer $3-5+ million net worth and doesn't count eating out as eating out unless the meal is $100/per person + $30 tip.
post 1685483053 06-28-2023, 01:51 PM
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#244
  1. eddiehaskell
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Originally Posted By Anachron⏩
It's not about the extra money, it's about how much of your net worth is tied up in non income generating assets.

If OP is making $20K gross off his $1 million net worth, he's got a substantial chunk of it tied up in his principal residence and/or other non-income generating assets.
my bills can go to under $1,000 month on command. i think i'm good bro.

And for those in the peanut gallery -- don't listen to this person...has no idea what my net worth or income is...probably has a vested interest in keeping people unhappy/in the rat race.
post 1685483363 06-28-2023, 01:53 PM
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#245
  1. MikeLowrrrey
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Originally Posted By Anachron⏩
It's not about the extra money, it's about how much of your net worth is tied up in non income generating assets.

If OP is making $20K gross off his $1 million net worth, he's got a substantial chunk of it tied up in his principal residence and/or other non-income generating assets.
Oh I see. I've read that $1 million liquid in a high yield savings brings in around $40k/yr or so.



He could still pick up a part time job and double that easily. $20/hr x 25 hours a week. That's $24,000 a year gross extra.
post 1685483423 06-28-2023, 01:54 PM
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#246
  1. Godfrd824
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Originally Posted By eddiehaskell⏩
I drove my Prius for 13 years and never broke down ONCE. If that's clapped out...I'll take it. A car means nothing to me so you can't bait me into the rat race for a depreciating asset. although I did buy a new truck recently.

so what exactly is your argument? only people struggling in pain with life go pick up their pizza?

And where did I say a dinner box would be the only food I would eat all day? I might eat a bowl of cereal/yogurt for breakfast (I rarely wake up in time to go out for breakfast) and go somewhere like Subway for lunch. my favorite food in the world is southern cookin and I get a meal at those places for $8-10.
So even at $8 a meal you're looking at $7900 just for food. You are correct, I am not good at math, but maybe there's something to your formulas. Maybe they can be used to discover faster than light travel.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685483473 06-28-2023, 01:55 PM
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#247
  1. eddiehaskell
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Originally Posted By MikeLowrrrey⏩
Oh I see. I've read that $1 million liquid in a high yield savings brings in around $40k/yr or so.



He could still pick up a part time job and double that easily. $20/hr x 25 hours a week. That's $24,000 a year gross extra.
some people are mathematically illiterate...no point in trying to reason with them.
post 1685483613 06-28-2023, 01:57 PM
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#248
  1. eddiehaskell
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Originally Posted By Godfrd824⏩
So even at $8 a meal you're looking at $7900 just for food. You are correct, I am not good at math, but maybe there's something to your formulas. Maybe they can be used to discover faster than light travel.
what about it? there are months where I easily spend $1,000+ on food.
post 1685483683 06-28-2023, 01:58 PM
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#249
  1. eddiehaskell
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Originally Posted By Anachron⏩
I'm guessing to close to the uncomfortable truth, aren't I?

Keep coping, brah.



I'm just using the numbers you yourself supplied.

If you don't like the results, maybe don't make up numbers out of thin air.
I've been doing this for over a decade with much more intelligent people...your responses are childlike (no offense).
post 1685483813 06-28-2023, 01:59 PM
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#250
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Originally Posted By eddiehaskell⏩
what about it? there are months where I easily spend $1,000+ on food.
So why say $20k when you spend more than half that just on food? Why lie?
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685483933 06-28-2023, 02:00 PM
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#251
  1. Godfrd824
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Originally Posted By Godfrd824⏩
So why say $20k when you spend more than half that just on food? Why lie?
Originally Posted By Anachron⏩
Interesting...

$20K gross annual income, and spends $12K on food.

And claims to have enough left over to reinvest, while at the same time claiming others are "mathematically illiterate".
He's mathing with negative numbers.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685484083 06-28-2023, 02:02 PM
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#252
  1. eddiehaskell
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Originally Posted By Godfrd824⏩
So why say $20k when you spend more than half that just on food? Why lie?
I've said repeatedly that my income is NOW over $20k. Do you know how to read?
post 1685484213 06-28-2023, 02:04 PM
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#253
  1. Godfrd824
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Originally Posted By eddiehaskell⏩
I've said repeatedly that my income is NOW over $20k. Do you know how to read?
But it wasn't when you started the thread. So were you lying then, or are you lying now?
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685484313 06-28-2023, 02:05 PM
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#254
  1. eddiehaskell
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Originally Posted By Anachron⏩
I wonder why you refuse to actually state what your income is.

Actually I don't, because I know why.
I'm dominating your life at this point..
post 1685484583 06-28-2023, 02:07 PM
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#255
  1. eddiehaskell
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Originally Posted By Godfrd824⏩
But it wasn't when you started the thread. So were you lying then, or are you lying now?
The numbers I gave are where I feel other people can retire comfortably....I did it too. Now my income is higher. Please go to school or something....if you went to a private school get a refund and show them this thread.
post 1685484613 06-28-2023, 02:07 PM
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#256
  1. Godfrd824
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Originally Posted By eddiehaskell⏩
I'm dominating your life at this point..
You're dominating the space time continuum with that math. I'm surprised your calculations haven't opened a wormhole and sucked us all into another dimension.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685484633 06-28-2023, 02:08 PM
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#257
  1. eddiehaskell
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Originally Posted By Anachron⏩
Except you aren't. I literally made you keep posting ITT for the whole day so far - so much for you "working on your breaststroke".



what is a day? i have 365/days per year.
post 1685484823 06-28-2023, 02:10 PM
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#258
  1. Godfrd824
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Originally Posted By eddiehaskell⏩
The numbers I gave are where I feel other people can retire comfortably....I did it too. Now my income is higher. Please go to school or something....if you went to a private school get a refund and show them this thread.
What school can teach me to stretch a medium pizza into 6 meals?

OP does this, but with pizza.

When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685485003 06-28-2023, 02:12 PM
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#259
  1. eddiehaskell
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Originally Posted By Anachron⏩
Interesting.

I have 365 days per year too, and I even get an extra day if it's a leap year.
And every day you can look back at this thread along with the world to see how eddiehaskell dominated you.
post 1685485173 06-28-2023, 02:13 PM
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I don't understand OP's logic. As if he's the only guy in NC who paid $173 for his electricity this month, so if he tells us that, we'll be able to backtrace his IP and figure out who he is or something.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685485283 06-28-2023, 02:14 PM
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#261
  1. eddiehaskell
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Originally Posted By Anachron⏩
But but but

He's working with "much more intelligent people"

Fukin LOL @ $20K/year gross, even if it is passive ( which he has admitted it's not ).
$20k/year gross is basically $20k net....no point in making that distinction
post 1685485453 06-28-2023, 02:16 PM
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#262
  1. eddiehaskell
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Originally Posted By Godfrd824⏩
I don't understand OP's logic. As if he's the only guy in NC who paid $173 for his electricity this month, so if he tells us that, we'll be able to backtrace his IP and figure out who he is or something.
my power bill was closer to $100 this month
post 1685485583 06-28-2023, 02:17 PM
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#263
  1. eddiehaskell
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Originally Posted By Anachron⏩
Thanks for doubling down on how financially illiterate you are.
Hehe now I'm looking into your mind and you know that I know what mental state you're in.
post 1685485603 06-28-2023, 02:17 PM
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#264
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Originally Posted By eddiehaskell⏩
my power bill was closer to $100 this month
Nice. So no AC for you. Not what I would call comfortable.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685485773 06-28-2023, 02:19 PM
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#265
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Originally Posted By Godfrd824⏩
Nice. So no AC for you. Not what I would call comfortable.
I keep it around 71-74...cooler at night. go work...mr noseberg is calling.
post 1685485893 06-28-2023, 02:21 PM
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Originally Posted By eddiehaskell⏩
Hehe now I'm looking into your mind and you know that I know what mental state you're in.
i just think down the line, you will run into issues like everyone else, and realize you need more money.

you don't have a safety net for any emergencies, etc.

you are obviously new to being 'retired'

you just seem very naive, just like your views on health lol
post 1685486053 06-28-2023, 02:23 PM
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#267
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Originally Posted By bicmane102⏩
i just think down the line, you will run into issues like everyone else, and realize you need more money.

you don't have a safety net for any emergencies, etc.

you are obviously new to being 'retired'

you just seem very naive, just like your views on health lol
I've been retired over a decade.

edit: only worked a real job 11 months in my life (32 hrs/week)
post 1685486123 06-28-2023, 02:23 PM
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Originally Posted By Anachron⏩
Interesting...

$20K gross annual income, and spends $12K on food.

And claims to have enough left over to reinvest, while at the same time claiming others are "mathematically illiterate".
This is disingenuous at best. Most people have their dividends and interest automatically reinvested. Then you have capital gains. Like I said earlier, in 2.5 years my net worth has increased $100k. That's AFTER paying all my bills and expenses which is around 30k a year. So I've basically made $70k a year sitting on my ass. It's definitely possible if you're invested correctly. Not to mention that I control how much taxes I pay every year. Wagecucks pay more in taxes than I do, LMFAO.

Lots of poorcel cope in this thread. The numbers don't lie, most people are drowning in debt and live paycheck to paycheck. I'd rather have a million+ and a modest income than working my life away working paycheck to paycheck in perpetual debt. That's not a hard choice...
post 1685486133 06-28-2023, 02:23 PM
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  1. Godfrd824
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Originally Posted By eddiehaskell⏩
I keep it around 71-74...cooler at night. go work...mr noseberg is calling.
I've been done with work for hours now. And no you don't. Unless you live in a 300sq ft efficiency.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685486533 06-28-2023, 02:29 PM
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#270
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Originally Posted By badger6⏩
This is disingenuous at best. Most people have their dividends and interest automatically reinvested. Then you have capital gains. Like I said earlier, in 2.5 years my net worth has increased $100k. That's AFTER paying all my bills and expenses which is around 30k a year. So I've basically made $70k a year sitting on my ass. It's definitely possible if you're invested correctly. Not to mention that I control how much taxes I pay every year. Wagecucks pay more in taxes than I do, LMFAO.

Lots of poorcel cope in this thread. The numbers don't lie, most people are drowning in debt and live paycheck to paycheck. I'd rather have a million+ and a modest income than working my life away working paycheck to paycheck in perpetual debt. That's not a hard choice...
you can literally see the salt flowing from the pores.
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